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AuRico Gold Inc. Message Board

  • oldeduc8you oldeduc8you Dec 1, 2011 9:43 AM Flag

    Life Is GOOD !

    Default on your house and go shopping for that high def

    The ratio of lower-quality subprime mortgages originated rose from the historical 8% or lower range to approximately 20% with much higher ratios in some parts of the U.S.[1] A high percentage of these subprime mortgages, over 90% in 2006 for example, were adjustable-rate mortgages.[2] These two changes were part of a broader trend of lowered lending standards and higher-risk mortgage products.[2][3] Further, U.S. households had become increasingly indebted, with the ratio of debt to disposable personal income rising from 77% in 1990 to 127% at the end of 2010, much of this increase mortgage-related.

    good old amurika, country of IDIOTS

 
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